Economic efficiency in a competitive market is achieved when
A) producer surplus equals the total amount firms receive from consumers minus the cost of production.
B) the marginal benefit equals the marginal cost from the last unit sold.
C) consumers and producers are satisfied.
D) economic surplus is equal to consumer surplus.
Question 2
In the United States in 2014, a majority of people received health care through
A) Medicaid. B) their employers.
C) individually purchased insurance policies. D) Medicare.
Norway lobsters on sale at a Spanish market
Indicators of Relative Economic Well-Being
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economic question (having trouble)
Markets and Institutions Market Story Problem